Munich Re not revising its 2015 profit forecast: CFO

Posted On: Dec. 1, 2015 12:00 AM CST

Munich Reinsurance Co. CFO Joerg Schneider has said that the reinsurer is not revising its forecast of at least €3 billion ($3.4 billion) net profit for 2015, reported Reuters.

"I have no reason to correct our at least €3 billion but I would not expect us to go far above," said Mr. Schneider.

"We have seen a couple of major losses but not very serious ones (since early November) so it seems the benign level is continuing to some extent," added Mr. Schneider.